LAST week in Parliament Chancellor Jeremy Hunt put forward his Spring Budget.

I would like to set out some of the key changes to taxation he put forward that may affect you.

There will be a further 2p cut to National Insurance, totalling 4p with the inclusion of last Autumn's mini-budget. This slashes the main rate of Employee NICs by a third and helps grow the economy by encouraging people to work, putting more money in people's pockets.

Additionally, the main rate of NIC for the self-employed will be reduced from 8% to 6% which, along with the abolition of Class 2 NICs announced at the Autumn Statement, which means that self-employed will benefit even more.

Fuel Duty has again been frozen for the 2024/25 period, a freeze that has now been in place since 2011. The Conservative Government continues to be on the side of drivers as opposed to Labour's war on motorists.

Further to this, the freeze on Alcohol Duty has also been extended meaning breweries, distilleries, restaurants, nightclubs, pubs and bars will continue to benefit from lower taxation.

We are also cutting tax for small businesses through increasing the VAT registration threshold to £90,000, reducing the tax burden on SMEs and creating further employment opportunities for the vast majority of businesses.

There will also be a Child Benefit boost for almost half a million families through increasing the threshold at which parents start paying the High Income Child Benefit Charge from £50,000 to £60,000. This means that these families will be better off by an average of approximately £1,300 per household per year.

The NHS is already being backed with record resources; more doctors, more nurses and its first long-term workforce plan. This year's Spring Budget went further by protecting the NHS budget this coming year with an extra £2.45bn. By further investing £3.4bn in technology to cut admin and speed up diagnosis, the UK could save £35bn in future. This investment will boost NHS productivity so staff can focus on getting patients the care they deserve.

The Spring Budget also saw the introduction of the British ISA as a new way to invest into UK businesses. This will allow people to invest up to £5,000 more tax free a year in UK assets which will help reward investors and support British business.

Also, the Government will be scrapping the current tax regime for UK non-doms. Anyone who has been a tax resident in the UK for more than four years will pay UK tax on their foreign income and gains, ensuring that our tax system is fair and internationally competitive.

I welcome this Spring Budget and look forward to the Chancellor bringing forward further measures to help ordinary working families in the autumn.